Montag A & Associates Inc. Has $2.88 Million Position in HD Supply Holdings, Inc. (HDS)

Montag A & Associates Inc. trimmed its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 20.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,900 shares of the industrial products company’s stock after selling 20,000 shares during the quarter. Montag A & Associates Inc.’s holdings in HD Supply Holdings were worth $2,882,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC purchased a new stake in HD Supply Holdings in the 3rd quarter worth approximately $185,000. Toronto Dominion Bank grew its holdings in HD Supply Holdings by 62.4% during the 3rd quarter. Toronto Dominion Bank now owns 15,768 shares of the industrial products company’s stock valued at $569,000 after buying an additional 6,059 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in HD Supply Holdings during the 3rd quarter valued at approximately $245,000. First Eagle Investment Management LLC purchased a new stake in HD Supply Holdings during the 3rd quarter valued at approximately $11,189,000. Finally, Global X MANAGEMENT CO LLC grew its holdings in HD Supply Holdings by 25.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,989 shares of the industrial products company’s stock valued at $288,000 after buying an additional 1,604 shares in the last quarter. 98.83% of the stock is owned by institutional investors.

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HD Supply Holdings, Inc. (NASDAQ:HDS) traded down $0.55 during mid-day trading on Tuesday, hitting $34.43. 1,304,543 shares of the company were exchanged, compared to its average volume of 2,730,867. HD Supply Holdings, Inc. has a 1 year low of $28.97 and a 1 year high of $44.73. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.41 and a current ratio of 2.04. The stock has a market capitalization of $6,657.67, a price-to-earnings ratio of 14.04, a PEG ratio of 0.81 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last posted its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm posted $0.85 earnings per share. HD Supply Holdings’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts anticipate that HD Supply Holdings, Inc. will post 2.21 EPS for the current fiscal year.

HD Supply Holdings announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

HDS has been the subject of a number of research analyst reports. BidaskClub raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $35.00 price objective on shares of HD Supply Holdings in a report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price objective (up from $36.00) on shares of HD Supply Holdings in a report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $38.00 price objective on shares of HD Supply Holdings in a report on Monday, October 9th. Finally, Northcoast Research initiated coverage on shares of HD Supply Holdings in a report on Tuesday, July 25th. They set a “neutral” rating for the company. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.50.

HD Supply Holdings Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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